Police have seized the passport of former MP for Feydhoo Constituency Alhan Fahmy.
They said that the court had issued a travel ban against the former MP and that his passport was seized following the order from the court.
But the Police did not specify the details of the case against Alhan which resulted in the passport being seized.
The Police are still investigating a Ponzi scheme allegedly run by Alhan's company King Forex Trading.
Police had begun investigating the allegations of a Ponzi scheme against the former MP in March after the Bank of Maldives BML froze the company's accounts over the allegations.
They said before that the company had taken MVR 98 million from 1,684 investors and failed to give them any in return.
Last May, the Civil Court ordered the Company to return the MVR 90,0000 to an individual who had invested in the company.
A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors.
Alhan denied that his company was involved in a Ponzi scheme and maintained that political figures are behind the attempts to hinder his business by accusing him of money laundering and are forcing the Police to take action on these false charges.
